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Telcos deny latest rate increase proposal is cash grab; hearing begins next week

News | 09/24/2001 4:00 am EDT

The CRTC will begin hearings next week in Hull QC into applications by several major ILECs for rate increases – a move described by a consumer watchdog group as serving the interests of shareholders, not consumers. The Public Interest Advocacy Centre (PIAC) is also calling on the commission to review its price cap formula, saying it has turned out to be too generous for the phone companies.

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